Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

AMD, Amarin, CRISPR

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These three health and technology stocks are on the move and pointing higher.

Advanced Micro Devices, Inc. (AMD), one of our swing trade picks from two weeks ago when it was at $33.60, jumped 81 cents to $37.52 on 67 million shares Wednesday.  On Tuesday, the chip maker announced Tencent will use its latest server processors. The stock has been in a steep rising channel since its recent low below $28 in early October.  Next target is the rising channel top near $40.

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Three News-Based Breakouts

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Inogen, Inc. (INGN) has been up by as much as 20% today after releasing better-than-expected earnings and revenues.  The medical technology company, which makes portable oxygen concentrators, is one of our top stocks to watch in our Charts of the Day video from last night.

The stock began breaking out of a 2-month base in mid-October, up from the $45 range, and, with Tuesday’s pop of $1.62 to $59.32 and after-hours move into the mid-$60’s, appeared poised to accelerate.  Our target, as noted in the video, is the June high in $73-$75 range.

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Earnings Plays to Watch

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Here are three stocks on the move, two ahead of earnings and one following a better-than-expected release.

Digital Turbine, Inc. (APPS) climbed 19 cents to $6.98 on 1.6 million shares Wednesday.  The move comes ahead of the expected November 4 earnings release by the company, whose software platform connects mobile operators and OEMs with mobile advertisers.  The stock, which earlier this week broke out of a nearly 2-month declining wedge, tested lateral resistance intraday before backing off.  A move through that $7.30-.35 resistance level could take it to our next target of $9.25.

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Key Breakouts

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Here are four stocks positioned right at key technical breakout points.

Horizon Therapeutics Public Limited Company (HZNP) climbed 92 cents to $28.20 on 2.3 million shares Tuesday, more than 1 1/2 times its average volume.  The move, which came on no news from the drug maker targeting treatments for rare and rheumatic diseases, edged the stock out of a 2-month sideways channel.  A break above the May high near $29.25 could get the stock to $32 next.

Seattle Genetics, Inc. (SGEN) rose 96 cents to $83.38 on 890,200 shares Tuesday.  The move, on no news from the developer of cancer therapies, positioned the stock right at the declining tops line of its 2-week wedge pattern.  A follow-through breaking out of the wedge could take the stock to $89.

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Healthy Momentum

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By Harry Boxer, TheTechTrader

Medical stocks dominate today’s top charts to watch.

AbbVie Inc. (ABBV) climbed $1.72 to $73.85 on 6.2 million shares Thursday. The move came on no news from the maker of Humira and other drugs. The stock has been rallying for the last month, breaking out of a 1 1/2-year declining channel.  However, it pulled back on Tuesday and Wednesday to test support before Thursday’s bounce.  Watch for a move next to recent highs near $76.

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Quartet of Tech

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These three technology companies, plus a medical device stock, are showing strong technical momentum.

Lattice Semiconductor Corporation (LSCC) gained 53 cents to $19.73 on 1.8 million shares Thursday.  The move, on no news and following through on Wednesday’s rally, positioned the stock at the top of its 5-week sideways channel.  A break through this top near the intraday high at $20.42 could accelerate the stock towards $26.

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